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Reading: Market Trends: What Lies Ahead for AVAX, SHIB, Solana, and Floki Coin?
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COINTURK NEWS > Technical Analysis > Market Trends: What Lies Ahead for AVAX, SHIB, Solana, and Floki Coin?
Technical Analysis

Market Trends: What Lies Ahead for AVAX, SHIB, Solana, and Floki Coin?

In Brief

  • Trump's discussions with the UK Prime Minister focus on economic issues and tariffs.

  • AVAX and SHIB are showing signs of recovery despite market volatility.

  • Solana faces protests amid a rapid and orchestrated bullish trend following Trump Coin.

Ömer Ergin
Ömer Ergin 4 months ago
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As the article unfolds, Trump is currently in discussions with the UK Prime Minister, addressing significant issues like Ukraine and potential new tariffs. He has also mentioned an upcoming visit to England. With a busy agenda at hand, the focus shifts to the altcoin market, particularly spotlighting AVAX, SHIB, Solana $145, and Floki Coin.

Contents
AVAX and Shiba CoinSolana (SOL) and Floki Coin

AVAX and Shiba Coin

Just hours after the shocking 25% tax announcement from the EU, no retaliatory actions have been reported yet. Tomorrow, Zelensky will travel to the U.S. for talks with Trump, which includes signing a rare earth elements agreement. Trump has indicated that the deal is nearly finalized. Meanwhile, OPEC+ remains cautious regarding oil production increases, considering the potential impacts of tariffs on energy prices and inflation.

The $22.38 level has served as a significant support point, which AVAX has reclaimed. Should the downward trend continue, the target would shift to $20.4. If Bitcoin $105,245 manages to close above $85,000, expectations for AVAX could rise to $26.7.

Following the intense sell-off in meme coins, SHIB has also dropped to new lows. While it could not capitalize on previous gains, the overall crash in meme coins has adversely affected Shiba Coin. Interestingly, despite Bitcoin facing substantial turmoil, SHIB has managed to hold at $0.00001311, indicating that sellers in the altcoin market may be running low.

Solana (SOL) and Floki Coin

The rise of Trump Coin has triggered a rapid bullish phase within the Solana network. This surge attracted numerous new individual investors, although many later realized that the process was orchestrated by leading figures within the community, leading to protests against Solana.

Currently, SOL Coin stands at $139 and has also experienced a decline. If selling pressure continues, $121 will be a critical support level, while $155 will serve as an important confirmation point for a potential reversal.

FLOKI Coin, currently hovering around the dip level of $0.0000802, may begin to recover, with an initial target set at $0.0001001.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 27 February, 2025 - 9:25 pm 27 February, 2025 - 9:25 pm
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